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Question 3: Using figure 2 below, describe the direction of GDP and price level when the short run and long run aggregate supply shift to

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Question 3: Using figure 2 below, describe the direction of GDP and price level when the short run and long run aggregate supply shift to the RIGHT. Answer by increase or decrease GDP Price Level Question 3: Using figure 3 below, describe the direction of GDP and price level when the aggregate demand shift to the RIGHT. Answer by increase or decrease GDP Price Level Figure 2 Figure 3 LRAS. LRAS, LRAS, LRAS AD SRAS P SRAS E2 Price Level P 2 - SRAS Recession SRAS, P, Y . Y , Y z AD AD, Real GDP Productivity growth shifts AS to the right Real GDP Question 3: Using figure 3 above, describe the GDP, Price Level, and Unemployment in terms of LOW or HIGH at the macroeconomic stage of recession GDI Price Leve Unemployment

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